summary
Introduced
01/14/2026
01/14/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
02/11/2026
02/11/2026
Passed
02/26/2026
02/26/2026
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Enforcement of vehicle liens; property value. Increases from $12,500 to $17,000 the maximum value of property that may be sold at public auction to satisfy a lien on a motor vehicle without petitioning for a court order for the sale of such property.
AI Summary
This bill increases the maximum property value of a motor vehicle that can be sold at public auction to satisfy a lien, without needing a court order, from $12,500 to $17,000. A "bailee" is defined as someone holding a lien on a motor vehicle, and "independent appraisal" refers to a vehicle valuation from an unbiased source. This change aims to streamline the process for enforcing liens on vehicles with moderate values, allowing bailees to sell these vehicles more efficiently to recover debts and expenses.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Signed by President (on 02/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1288 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB1288) | https://lis.blob.core.windows.net/files/1183202.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1288/text/HB1288ER |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB1288) | https://lis.blob.core.windows.net/files/1090195.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1288/text/HB1288 |
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